Below are some press releases from company’s with preferred stock or baby bonds outstanding – as well as general news of interest.
Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock
Fulton Financial Corporation Announces Quarterly Dividends and $100 Million Stock Repurchase Program
First Internet Bancorp Authorizes Stock Repurchase Program
Pebblebrook Hotel Trust Provides Operating Update and Revises its Q4 2022 and Full Year 2022 Outlook
SITE Centers Announces New $100 Million Common Stock Repurchase Plan
Chatham Lodging Trust Increases Credit Facility with RBC Commitment
AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2022 Common Dividend of $0.18 per Share
DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2022 Common and Preferred Stock Dividends
“I picked a bad day to quit smoking.” Bought a massive one share position in Greenidge Generation GREEL today. All of $0.80 worth and then Tim shows they had a PR release today.
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There remains uncertainty regarding Greenidge’s financial condition and substantial doubt about its ability to continue as a going concern
The Company’s average monthly cash burn rate during October and November 2022 was approximately $8 million, of which approximately $5.5 million per month was associated with principal and interest payments to NYDIG. Further, the Company expects to have a similar cash burn, and similar payments to NYDIG, during December 2022
There is a substantial likelihood that Greenidge’s independent auditors’ opinion will reflect a going concern qualification in their audit report for the 2022 financial statements
Greenidge’s board of directors has engaged in active discussions about the potential for, and timing of, a voluntary bankruptcy filing in the event that: (1) Greenidge determines that potential sources of liquidity will not be available to it; (2) Greenidge’s remaining available capital does not allow it to meet its obligations as they become due; or (3) Greenidge defaults on any of its material contracts or indebtedness
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Shoulda bought the Costco hot dog and coke deal @ $1.50 instead of ARBKL and GREEL. . .
I wish I could understand profit and loss statements better than I do, but it looks like Granite Point has a loss of $45,000,000 for the first 9 months of 2022 as opposed to a profit of $60,000,000 the first 9 months of 2021 ? I was thinking of buying a little of the preferred, but maybe not.